WeWork files for bankruptcy, Meta’s plan for election-related AI and ad blockers get blocked
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 10 November 2023
⏱️ 11 minutes
🧾️ Download transcript
Summary
It’s Friday! Which means it’s time for our week-in-review show: Marketplace Tech Bytes. Meta announced this week that starting in 2024, Facebook and Instagram will start labeling political ads that use images generated by AI. But no… it’s hardly an AI crackdown. Plus, YouTube goes to war with ad blockers. A spate of uninstalls ensues! But first, WeWork, the co-working space provider, files for bankruptcy. What happened? And what’s next for the one-time golden child of Silicon Valley? Marketplace’s Lily Jamali is joined by Paresh Dave, senior writer at Wired, for his take on these stories.
Transcript
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| 0:00.0 | Meta, AI and election ads. |
| 0:04.0 | What could go wrong? |
| 0:06.0 | From American public media, this is Marketplace Tech. |
| 0:09.0 | I'm Lily Jramale. It is Friday, Friday, which means it's time for our weekend review, Marketplace Tech Bites. |
| 0:25.0 | On the show today, Facebook and Instagram will start labeling political ads that use images generated by AI. |
| 0:32.0 | Parent Meta, announcing this Wednesday on the heels of election day |
| 0:36.4 | and with a 2024 campaign well underway. |
| 0:39.8 | But no, it's hardly an AI crackdown plus YouTube goes into stealth mode to take on ad |
| 0:47.2 | blockers and a spate of uninstalls ensues but first the latest on We Work, the office leasing company that tried and failed to pivot into |
| 0:57.5 | we're not even sure what. As We Work files for bankruptcy, we ask what happened and what's next for the one-time |
| 1:04.3 | golden child of Silicon Valley. I was joined this week by Perresh Dave, senior |
| 1:09.3 | writer at Wired who walked me through the company's plan which creditors are on board with. |
| 1:15.0 | So they've agreed to a plan to wipe off about $3 billion in debt, |
| 1:20.0 | but there's still a long way to go. |
| 1:22.0 | They also have Soft Bank, their biggest investor, |
| 1:26.7 | their biggest shareholder, who's still willing to help Wheeler move forward in some former fashion. |
| 1:33.0 | It's tough out there because it is so tough out there for office space landlords |
| 1:39.2 | because no one's really going back into the office. |
| 1:41.4 | So there's a lot of competition in the market |
| 1:44.0 | landlords are willing to be more flexible than they have in the past. |
| 1:48.0 | Yeah and landlords to your point are among the big losers in this situation landlords that rented space to |
| 1:54.8 | we work that have these contracts with the company some of them have debts to pay as well. |
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